← Cost price, selling price, profit and loss lesson New set →

Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 297 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.One clay diya costs ₹25 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  2. 2.One cupcake costs Ishaan ₹28 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.It costs ₹56 to make one paper bookmark. On the last day Joseph sells it for only ₹47. How much is the loss on one (in ₹)?
  4. 4.It costs ₹60 to make one potted plant. Tara sells it for ₹69. What is the profit on one (in ₹)?
  5. 5.Vihaan makes 14 handmade cards at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  6. 6.One handmade card costs ₹57 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹25 to make one handmade card. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.True or false: “what a customer pays” is the cost price. (a) True (b) False
  10. 10.One jute bag costs ₹48 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  15. 15.One fruit cup costs Joseph ₹24 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  17. 17.It costs ₹46 to make one painted pebble. On the last day Riya sells it for only ₹38. How much is the loss on one (in ₹)?
  18. 18.Vihaan makes 25 bags of popcorn at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  19. 19.True or false: “money got from a sale” is the selling price. (a) False (b) True
  20. 20.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  21. 21.It costs ₹10 to make one glass of chai. Zoya sells it for ₹13. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹28 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹20 to make one glass of chai. Riya sells it for ₹32. What is the profit on one (in ₹)?
  24. 24.It costs ₹57 to make one cup of lemonade. Ananya sells it for ₹73. What is the profit on one (in ₹)?
  25. 25.It costs ₹48 to make one bag of popcorn. On the last day Ishaan sells it for only ₹46. How much is the loss on one (in ₹)?
  26. 26.It costs ₹50 to make one glass of chai. On the last day Arjun sells it for only ₹47. How much is the loss on one (in ₹)?
  27. 27.True or false: “cost of making one” is the cost price. (a) False (b) True
  28. 28.Ishaan makes 13 handmade cards at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.It costs ₹59 to make one bag of popcorn. On the last day Joseph sells it for only ₹51. How much is the loss on one (in ₹)?
  30. 30.One cupcake costs Gurpreet ₹58 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.True or false: “what you paid for it” is the cost price. (a) False (b) True
  32. 32.One fruit cup costs ₹22 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹48 to make one jute bag. On the last day Vihaan sells it for only ₹42. How much is the loss on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  35. 35.True or false: “the price you sell at” is the cost price. (a) False (b) True
  36. 36.It costs ₹27 to make one handmade card. On the last day Farhan sells it for only ₹22. How much is the loss on one (in ₹)?
  37. 37.One fruit cup costs ₹36 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.True or false: “cost of making one” is the selling price. (a) True (b) False
  40. 40.One cup of lemonade costs ₹34 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?

Answer key

  1. 43
  2. Loss
  3. 9
  4. 9
  5. 56
  6. 76
  7. 10
  8. selling price
  9. False
  10. 57
  11. False
  12. what it cost you
  13. cost price
  14. what the buyer pays
  15. Profit
  16. SP more than CP
  17. 8
  18. 100
  19. True
  20. SP less than CP
  21. 3
  22. 39
  23. 12
  24. 16
  25. 2
  26. 3
  27. True
  28. 13
  29. 8
  30. Loss
  31. True
  32. 26
  33. 6
  34. cost price
  35. False
  36. 5
  37. 39
  38. False
  39. False
  40. 37

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids